Home Insurance in Central Falls, Rhode Island
Homes in Central Falls carry a median value of $352,100 - 6% lower than the Providence County median.
The typical home in Central Falls was built around 1944. About 61% of homes were built before 1960, about 7 points above Providence County's 54%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Central Falls is 17% single-family homes and 20% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Central Falls, about 71% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 26% of occupied homes in Central Falls are owner-occupied. The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
73% of homes in Central Falls are primarily heated with natural gas.
Providence County had 2,001 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is inland flooding (Relatively High). See the full Providence County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Rhode Island carries a statewide average premium of $2,396 per year.
Key figures
| Median home value | $352,100 |
|---|---|
| Median year built | 1944 |
| Owner-occupied share | 26% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Providence County | 2,001 |
| Home insurance premium | $2,396 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)